Dutch seize 14 yachts over Russia sanctions

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European and US authorities have seized several yachts with links to Russian tycoons. (AP pic)

AFP

THE HAGUE: Dutch customs authorities have impounded 14 yachts in shipyards, including 12 still under construction, as part of western sanctions imposed over Russia’s invasion of Ukraine, the government said today.

European and US authorities have seized several yachts with links to Russian tycoons under the unprecedented sanctions that followed the Feb 24 invasion.

“Given the current measures, these vessels cannot be delivered, transferred or exported for the moment,” foreign minister Wopke Hoekstra wrote in a letter to the Dutch parliament.

The 12 yachts under construction, which include luxury vessels more than 35m long, were being built in five different shipyards for “Russian beneficiaries”, the government said.

The other two yachts are currently undergoing maintenance.

“These are not people who figure on the European sanctions lists,” the Dutch minister said.

The “ownership” of the yachts was being investigated further, including whether one of them was connected to a person on the European sanctions list, Hoekstra said.

“The government attaches great importance to the respect and implementation of sanctions,” he added.

Holland has also frozen €516 million worth of assets and €155 million in transactions, the minister said.